NOT LISTED FOR SALE

1329 E University Dr Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $1,110,173

-- Bed
-- Bath
5,040 Sq Ft
$220/Sq Ft Est. Value

Last Sold October 09, 2015

Last sale price $540,000 $107 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $6,895/month

128 Days on Market

Highlights

  • 0.36 Acre Lot
  • Concrete Flooring
  • Heating Available
  • Central Air

About This Home

As of October 2015

Superb location on University Drive in Tempe, Arizona! Great 5039 square foot building with 3500 sq ft of Warehouse and 1500 sq ft Office. Completely built out and ready for your business. Zoned Light Industrial and GID in City of Tempe. Building is in great active and fully occupied business park Aztech Court. Close to Arizona State University and Tempe business hub.

Last Agent to Sell the Property

Pete Baldwin

Platinum Realty Network License #BR537748000 Listed on: 05/26/2015

Last Buyer's Agent

Sandra Reece

Good Oak Real Estate License #SA624013000

Good Oak Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,811

Year Built

  • Built in 1985

Lot Details

  • 0.36 Acre Lot
  • Property is zoned 20

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 5,040 Sq Ft Home
  • Concrete Flooring

Parking

  • 15,692 Parking Spaces
  • 15,692 Covered Spaces

Utilities

  • Central Air
  • Heating Available
  • Septic Tank

Community Details

  • Aztech Court Amd Lot A1a2 B1b2 E1e2 F1f2 M P Subdivision
  • Operating Expense $7,811

Listing and Financial Details

  • Tax Lot F2
  • Assessor Parcel Number 132-59-053

Property Details

Property Type

Other

Est. Annual Taxes

$7,811

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: University and Dorsey
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: 20
  • Current Use: Office
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2011
  • Directions: In Aztech Court
  • Lot Size Acres: 0.36
  • Subdivision Name: AZTECH COURT AMD LOT A1A2 B1B2 E1E2 F1F2 M-P
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 15692.0
  • Total Parking Spaces: 15692.0
  • General Property Description:Covered Parking Spcs: 15692.0
  • General Property Description:Total Parking Spcs: 15692.0
  • Parking:Public Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C
  • Heating: Electric
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Sq Ft: 15692.0
  • Additional Parcels: No
  • Parcel #: 132-59-053
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7811.0

Tax Info

  • Tax Annual Amount: 7811.0
  • Tax Book Number: 132.00
  • Tax Lot: F2
  • Tax Map Number: 59.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2015
Closed on
Sep 28, 2015
Sold by
Purdy Forrest and Purdy Janice Marie
Bought by
Lindley John David
Seller's Agent
Pete Baldwin
Platinum Realty Network
Buyer's Agent
Sandra Reece
Good Oak Real Estate
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%
Total Days on Market
128
Current Estimated Value
$1,110,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,173
Avg. Annual Appreciation
7.71%

Purchase Details

Closed on
Nov 17, 2009
Sold by
Spoon Donald G and Sppon Vivian E
Bought by
Joshua Foundation

Purchase Details

Closed on
Aug 16, 2007
Sold by
Spoon Donald G and Spoon Vivian E
Bought by
1329 Univ Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 1995
Sold by
University Dorsey Ltd Partnership
Bought by
Spoon Donald G and Spoon Vivian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
8.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lindley John David $540,000 Pioneer Title Agency Inc
Joshua Foundation $463,714 Security Title Agency
1329 Univ Llc -- None Available
Spoon Donald G $228,150 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spoon Donald G $392,000
Previous Owner Spoon Donald G $202,000
Closed Spoon Donald G $32,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2015 10/09/15 Sold $540,000 -6.1% $107 / Sq Ft
09/20/2015 09/20/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $575,000 -- $114 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,304 $71,884 -- --
2024 $8,452 $70,600 -- --
2023 $8,452 $107,576 $80,019 $27,557
2022 $8,346 $92,488 $54,495 $37,993
2021 $8,644 $91,926 $48,240 $43,686
2020 $8,382 $89,028 $34,974 $54,054
2019 $8,223 $80,964 $30,294 $50,670
2018 $8,018 $71,892 $20,880 $51,012
2017 $7,780 $60,102 $20,268 $39,834
2016 $7,725 $54,414 $18,108 $36,306
2015 $7,626 $53,373 $14,356 $39,017
Source: Public Records

Agents Affiliated with this Home

  • Pete Baldwin

    Seller's Agent in 2015

    Pete Baldwin

    Platinum Realty Network

    (480) 326-6521

    44 Total Sales

    Pete Baldwin
    Section Image
  • Sandra Reece

    Buyer's Agent in 2015

    Sandra Reece

    Good Oak Real Estate

    (602) 451-2362

    11 Total Sales

    Sandra Reece
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5284798

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-59-053

Arizona Maricopa County Tempe 85281 Downtown Tempe

1329 E University Dr, Tempe, AZ

This home is located at 1329 E University Dr, Tempe, AZ 85281 since 26 May 2015 and is currently estimated at $1,110,173, approximately $220 per square foot. This property was built in 1985. 1329 E University Dr is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and New School for the Arts & Academics.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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